YieldMax MSFT Option Income Strategy ETF (MSFO) Performance
MSFO total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +7.8% since Dec 31, 2025
- 1 year
- +2.0% total return
- 3 years
- +16.1% a year
- Since first price
- +16.7% a year since 2023
MSFO trailing returns vs SPY, QQQ, AGG
| Period | MSFO total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +3.6% | +0.9% | −1.0% | −5.0% | +0.9% |
| 3 months | +32.1% | +18.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +20.9% | −1.9% | +7.8% | +8.4% | −1.5% |
| YTD | +7.8% | −20.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +2.0% | −29.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +56.4%+16.1%/yr | −40.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionAug 25, 2023 | +63.0%+16.7%/yr | −39.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MSFO vs SPY
From Aug 25, 2023: MSFO grew to $16,303, SPY to $17,974.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MSFO returns by calendar year
2 of 2 full years positive. Best 2025 (+15.7%), worst 2024 (+10.4%). 2026 is year to date.
MSFO annual returns table
| Year | MSFO | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +7.8% | −23.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +15.7% | −16.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +10.4% | −13.2% | +24.9% | +25.6% | +1.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MSFO largest drawdowns
Now 2.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 29, 2025 | −29.7% | Jun 25, 2026 | Oct 6, 2026 | 8 months | 11 months |
| Jul 5, 2024 | −19.1% | Apr 8, 2025 | May 20, 2025 | 9 months | 10 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MSFO risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +17.4% | +15.8% |
| Volatility (annualized) | 23.9% | 23.7% |
| Sharpe ratio | 0.61 | 0.55 |
| Sortino ratio | 1.02 | 0.92 |
| Best month | +19.2% | +19.2% |
| Worst month | −15.3% | −15.3% |
| Best 12 months | +35.2% | +35.2% |
| Worst 12 months | −19.9% | −19.9% |
| Positive months | 61% | 59% |
| Beta vs S&P 500 | 1.01 | — |
| Correlation with S&P 500 | 0.53 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MSFO rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 27 | −19.9% | +6.2% | +35.2% | 85% |
| 3-year (a year) | 3 | +15.0% | +15.8% | +17.4% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
MSFO performance overview
YieldMax MSFT Option Income Strategy ETF (MSFO) returned +2.0% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +16.7% a year, turning $10,000 into about $16,303. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −29.7%, from Oct 29, 2025 to Jun 25, 2026, and it took 3 months to get back to the old high. Volatility has been 23.7% a year.
Related: MSFO chart, MSFO dividends. See the MSFO overview for the latest quote and fund facts.
MSFO performance FAQ
What is the MSFO return over the past year?
MSFO returned +2.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 29.1%.
How much would $10,000 invested in MSFO be worth?
$10,000 invested in MSFO at its first recorded close on August 25, 2023 would be worth about $16,303 on October 23, 2026 with distributions reinvested.
What was the worst year for MSFO?
The worst calendar year was 2024, with a total return of +10.4%. The best was 2025 at +15.7%.
What is the biggest drawdown of MSFO?
The largest peak-to-trough decline was −29.7% between October 29, 2025 and June 25, 2026. It recovered to the old high on October 6, 2026, 3 months after the bottom.
How volatile is MSFO?
Over the past 3 years MSFO had an annualized volatility of 23.9% and a Sharpe ratio of 0.61 (excess return over 1–3 month T-bills per unit of risk).